Wal-Mart earnings beat expectations; shares up

November 17, 2015 12:23 PM

34 0

Wal-Mart earnings beat expectations; shares up

Wal-Mart Stores Inc reported stronger-than-expected quarterly earnings on Tuesday as it booked its fifth straight gain in U.S. same-store sales, sending its shares up nearly 3 percent.

Net profit attributable to the world's largest retailer fell to $3.304 billion, or $1.03 per share, in the third quarter ended on Oct 31 from $3.711 billion, or $1.15 per share, a year earlier.

Also read: Einhorn's Greenlight Capital urges GM to create two share classes

Read more

To category page

Loading...